Toronto, ON / TheNewswire / September 24, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI), today announced that the Company has started work on projects with three new clients and will start marketing its services in Silicon Valley, California.
The three projects are valued at over $1 million. It is worth noting that two of the projects are for operators that belong to a large regional group in the Middle East and the other project is with one of the top three global telecom equipment manufacturers. This is the second consecutive quarter that NTG Clarity has announced a project with a large global telecom company that it is doing significant business with for the first time.
In addition, NTG Clarity has been selected to participate in the Canadian Technology Accelerator Program in Silicon Valley. As part of this program, NTG will be provided space in the Plug and Play Tech Center in Sunnyvale, California. NTG will use the space as an office to launch Stage EM in California. NTG Clarity will also participate in the official CTA Fall Program launch on September 24, 2015.
"These are significant new clients for NTG and each creates the possibility for high potential follow-on projects,” stated Ashraf Zaghloul, NTG Clarity's Chairman and Chief Executive Officer. “Also, utilizing the office in California will help NTG to launch Stage EM and our other products and services in the United States. These initiatives will help NTG to continue to diversify its customer base, add new geographic sales regions, and expand its product sales.”
FORWARD LOOKING INFORMATION
Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
ABOUT NTG CLARITY NETWORKS INC
NTG Clarity Networks’ vision is to be a global leader in providing software solutions and services. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada and the MEA countries. More than 400 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.
FOR FURTHER INFORMATION
Doren Quinton, President QIS Capital
Kristine Lewis, President, NTG Clarity Networks Inc.
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